Lester Hamrick
Lester Hamrick is a registered investment advisor at MML Investors Services, LLC, based in Tallahassee, FL, with 18 years of industry experience. Lester operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Retirement Planning. Their firm serves 392,809 clients with $90B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
MML Investors Services manages investment menus for retirement plans and offers a managed account service for participants.
For the overall plan, MMLIS selects and monitors investment options. For participants using the managed account service, fees are charged quarterly, up to a maximum of 0.60% per year of the account value. MMLIS receives 0.10% of this fee, with the remainder going to Morningstar and the recordkeeper. The exact fees vary by recordkeeper and whether the service is a Qualified Default Investment Alternative.
Location
2418 Millcreek Lane, Unit 2, Tallahassee, FL, 32308
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Regulatory History (1)
Customer Dispute
January 2025Other Business ActivitiesSells Insurance
Lester is an insurance broker for The Hamrick Group, LLC, selling life, fixed annuities, disability, long-term care, and health insurance, dedicating about 10-20% of his time. He also works for The Hamrick Group P&C, selling and servicing property and casualty insurance, spending minimal time on this activity.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Securities America Advisors, INC.
Securities America, INC.Broker
Park Avenue Securities LLCBroker
State Registrations6 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.